I am always skeptical of companies turning a small profit (So that headline can read as “Profit-making” company) just before an IPO.
This is either a financial jugglery or company cutting down marketing spend for some time so that numbers look good.
Frankly, this IPO is daylight robbery and I hope retail investors don’t fall for it.
Also, @Meher_Smaran I see that no mention of valuation (EPS or P/E) in “Everything to know about IPO”.
Seems like nobody worries about valuation in an IPO these days 